American Assets Trust, Inc. (NYSE:AAT) Shares Acquired by Lazard Asset Management LLC

Lazard Asset Management LLC boosted its holdings in shares of American Assets Trust, Inc. (NYSE:AAT - Free Report) by 120.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 50,193 shares of the real estate investment trust's stock after acquiring an additional 27,436 shares during the period. Lazard Asset Management LLC owned 0.08% of American Assets Trust worth $1,317,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of AAT. Jefferies Financial Group Inc. acquired a new position in American Assets Trust in the 4th quarter valued at about $858,000. Graham Capital Management L.P. acquired a new position in American Assets Trust in the 4th quarter valued at about $441,000. Deutsche Bank AG boosted its holdings in American Assets Trust by 20.5% in the 4th quarter. Deutsche Bank AG now owns 76,529 shares of the real estate investment trust's stock valued at $2,010,000 after purchasing an additional 13,025 shares during the last quarter. Cubist Systematic Strategies LLC acquired a new position in American Assets Trust in the 4th quarter valued at about $574,000. Finally, Bridgeway Capital Management LLC acquired a new position in American Assets Trust in the 4th quarter valued at about $948,000. Hedge funds and other institutional investors own 90.43% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the stock. Wall Street Zen upgraded shares of American Assets Trust from a "hold" rating to a "buy" rating in a report on Saturday. Mizuho decreased their target price on shares of American Assets Trust from $28.00 to $22.00 and set a "neutral" rating on the stock in a report on Tuesday, February 25th. Finally, Morgan Stanley decreased their price objective on shares of American Assets Trust from $24.00 to $20.00 and set an "equal weight" rating on the stock in a report on Thursday, April 24th.

American Assets Trust Trading Down 0.4%

Shares of AAT stock traded down $0.07 during trading hours on Friday, hitting $19.03. The company had a trading volume of 309,421 shares, compared to its average volume of 317,701. The company's fifty day moving average is $19.23 and its 200 day moving average is $22.94. The company has a debt-to-equity ratio of 1.80, a current ratio of 8.17 and a quick ratio of 8.17. American Assets Trust, Inc. has a fifty-two week low of $16.69 and a fifty-two week high of $29.15. The stock has a market capitalization of $1.16 billion, a PE ratio of 21.38 and a beta of 1.13.

American Assets Trust (NYSE:AAT - Get Free Report) last released its earnings results on Tuesday, April 29th. The real estate investment trust reported $0.52 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.45 by $0.07. The company had revenue of $108.61 million for the quarter, compared to analyst estimates of $112.05 million. American Assets Trust had a net margin of 12.40% and a return on equity of 4.98%. Research analysts expect that American Assets Trust, Inc. will post 1.94 earnings per share for the current fiscal year.

American Assets Trust Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 19th. Shareholders of record on Thursday, June 5th will be issued a dividend of $0.34 per share. The ex-dividend date of this dividend is Thursday, June 5th. This represents a $1.36 dividend on an annualized basis and a yield of 7.15%. American Assets Trust's dividend payout ratio (DPR) is presently 107.09%.

American Assets Trust Company Profile

American Assets Trust, Inc is a full service, vertically integrated and self-administered real estate investment trust ("REIT"), headquartered in San Diego, California. The company has over 55 years of experience in acquiring, improving, developing and managing premier office, retail, and residential properties throughout the United States in some of the nation's most dynamic, high-barrier-to-entry markets primarily in Southern California, Northern California, Washington, Oregon, Texas and Hawaii.